Bob Menéndez Wants Facebook to Give Users More Info on Political Spending
Facebook earlier this year announced a new tool aimed at promoting political advertising transparency on its site, but political advertisers are exploiting loopholes in Facebook's system to obscure the sources of their funding. Senator Bob Menéndez (D-NJ) on Thursday led several colleagues in a letter to CEO Mark Zuckerberg calling on Facebook to do even more to disclose who’s paying for the political ads it allows so that its users have more transparency into the sources. The Senators said the company has “fallen short” on its efforts. “[Y]ou continue to take in ad revenue from companies cloaked in secrecy. Although no legal requirement exists mandating that political advertisers on social media platforms file disclosures with the Federal Election Commission, you could take it upon yourself to mirror the laws that exist for radio and television ads,” the lawmakers wrote. “You have an opportunity to lead, to show the American public that you are committed to full transparency in the political spending arena. We believe you also have a moral responsibility to ensure that your users are able to discern who and what is behind political ads shown on your platform. Such transparency will help ensure open and fair elections, free of dark money or foreign interference.” Read the full letter here.